2012 Chrysler 300 Limited on 2040-cars

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Fiat Chrysler shares get a boost after revised Stellantis merger deal with PSA

MILAN — Shares in Fiat Chrysler (FCA) rose sharply in Milan on Tuesday after the car maker and French partner PSA revised the terms of their merger deal, with FCA's shareholders getting a smaller cash payout but a stake in another business. FCA and PSA, which last year agreed to merge to give birth to Stellantis, the world's fourth largest car manufacturer, said late on Monday they had amended the accord to conserve cash and better face the COVID-19 challenge to the auto sector. Milan-listed shares in Fiat Chrysler rose almost 8% by 1000 GMT, while PSA gained 1.5%. Under the revised terms, FCA will cut from 5.5 billion euros ($6.5 billion) to 2.9 billion euros the cash portion of a special dividend its shareholders are set to receive on conclusion of the merger. However, PSA will for its part delay the planned spinoff of its 46% stake in car parts maker Faurecia until after the deal is finalized. That means all Stellantis shareholders — and not just the current PSA investors - will get shares in a company which has a market value of 5.8 billion euros. Based on Stellantis' 50-50 ownership structure, FCA and PSA respective shareholders will each receive a 23% stake in Faurecia. Analysts welcomed the 2.6 billion euros in additional liquidity for Stellantis' balance sheet as well as the increase in projected synergies to more than 5 billion euros from 3.7 billion. There was also further reassurance as the two companies confirmed they expected the deal to close by the end of the first quarter of 2021. "All told, the two players emerge as winners," broker ODDO BHF said in a note. "Of the two, FCA might be a bit more of a winner in the short term given the structure of the deal and the numerous payouts to shareholders to come in the quarters ahead (potentially close to 5 billion euros versus the current capitalization of around 16 billion euros)." The special dividend for FCA shareholders had proved contentious after Italy offered state guarantees for a 6.3 billion euro loan to the company's Italian business. "These announcements should, at last, end the debate over the financial terms of the merger, which had become a big topic and was still penalizing the two groups' share performances," ODDO BHF said. PSA and FCA said they would consider paying out 500 million euros to shareholders in each firm before closing or else a 1 billion euro payout to Stellantis shareholders afterwards, depending on market conditions and company performance and outlook.

Junkyard Gem: 1988 Chrysler LeBaron Turbo Sedan

Lee Iacocca's K-Cars saved Chrysler from certain oblivion in the aftermath of the 1979 federal bailout, but most of the members of the many-branched K Family Tree were really built on modified K platforms. The only genuine, 100%-K machines sold in the United States were the Dodge Aries/400/600, Plymouth Reliant, and Chrysler LeBaron; today's Colorado-found Junkyard Gem is a rare example of the very last year of the K-based LeBaron. Chrysler kept selling LeBaron coupes and convertibles here all the way through 1995, and those cars could trace their platform ancestry back to the original 1982 LeBarons that saved Chrysler… but for the real K-ness in a LeBaron sedan you must get one sold during the 1982-1988 period. This one has suffered some nasty paint damage over the decades, but its padded landau roof still looks pretty good at age 33. The base engine in the '88 LeBaron was a 93-horsepower 2.2, but this car has the optional turbocharged version with an impressive 146 horses. The cost for this engine? $700 list, or about $1,600 in 2021 dollars. The 1988 LeBaron coupes and convertibles got a five-speed manual as standard equipment, while the LeBaron sedan got a three-speed automatic at no extra cost. It appears that you couldn't get a manual transmission from the factory in this car. The "Traveler" trip computer was also standard equipment on the LeBaron sedan in 1988. As was this AM/FM radio. However, air conditioning cost $807 extra, or about $1,850 today. Other than the ravaged paint, this car still seems to be in reasonably nice condition (yes, Corinthian Leather was an option). Not many are interested in rescuing an old K-Car these days, sadly. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Ricardo-approved! Featured Gallery Junked 1988 Chrysler LeBaron Sedan View 26 Photos Chrysler Automotive History Sedan Chrysler K-car Chrysler LeBaron Junkyard Gems

2015 Chrysler 200 earns Top Safety Pick+ [w/video]

If safety is a priority in your next car purchase, the 2015 Chrysler 200 looks like a pretty good bet, according to a recent evaluation from the Insurance Institute for Highway Safety. The new sedan scored top marks in all of the agency's crash tests and a "Superior" score from its optional front crash prevention system to earn it a Top Safety Pick+ rating. In the latest small overlap front crash test (video below), the new Chrysler nabbed a score of "Good," the IIHS's top rating. In the 40-miles-per-hour evaluation of the front 25 percent of the vehicle, the agency found that there was a low risk of serious injuries. The safety systems kept the dummy's head in position, and the side airbags protected it well. It also beat out the previous generation 200 that only had an "Acceptable" in that test. As part of its "Superior" score, the front crash prevention system was able to completely stop the 200 in the IIHS 12-mph test and significantly slowed it down from 25 mph. Scroll down to watch the carnage unfold as the sedan gets put through the small-overlap crash and read the official IIHS announcement of its results. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. All-new Chrysler 200 aces small overlap front crash test, earns TOP SAFETY PICK+ ARLINGTON, Va. - The redesigned 2015 Chrysler 200, a midsize moderately priced car, earns the top rating of good in the Insurance Institute for Highway Safety's small overlap front crash test, a step up from the previous generation's rating of acceptable. With good ratings in all five of the Institute's crashworthiness evaluations, plus an available front crash prevention system that earns a superior rating, the 200 qualifies for the IIHS TOP SAFETY PICK+ award. In the small overlap test, the driver's space was maintained well, and injury measures recorded on the dummy indicated a low risk of any significant injuries in a real-world crash of this severity. The dummy's head was well controlled by the frontal airbag, which stayed in position during the crash. The side curtain airbag deployed and had sufficient forward coverage to protect the head from contact with side structures. The 200 earns a good rating in every measurement category for small overlap protection including structure, restraints and dummy kinematics, and injury measures for the head and neck, chest, pelvis, and legs and feet.